Market Overview: Crude Oil Futures The market formed a Crude Oil tight bull channel with some follow-through following last week’s breakout above the 41-week trading range. The bulls want a strong breakout above the trading range and a measured move based on the height of the 41-week trading range. The bears want a reversal down […]
Nifty 50 Trading Range Most Likely
Market Overview: Nifty 50 Futures Nifty 50 trading range most likely. This week’s market produced a bullish close; but, the bull bar’s small body and short top tail indicate that a small pullback is likely. On the weekly chart, the Nifty 50 is still trading inside the tight bull channel. The market recently has not created […]
Nifty 50 Tight Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 tight bull channel on the weekly chart. Bulls were unable to create a strong follow-through above the big round number 18000, and bears on the weekly chart will stay away from selling until the market develops another strong bear bar. This week, the market formed a bear bar that […]
EURUSD Inside Doji Bar, Tight Bull Channel
Market Overview: EURUSD Forex EURUSD inside doji bar and tight bull channel formed on weekly chart which means strong bulls. The bulls want a strong breakout above the February 2 high and another strong leg up. If there is a pullback, odds slightly favor buyers below the first pullback from such a strong bull micro channel. […]
EURUSD Tight Bull Channel
Market Overview: EURUSD Forex EURUSD tight bull channel up formed testing the February 2 high. The bulls have a 5-bar bull micro channel which means strong bulls. Odds slightly favor buyers below the first pullback from such a strong micro channel. The bears want a reversal down from a higher high major trend reversal, but […]
DAX 40 Tight Bull Channel, Back in Tight Trading Range
Market Overview: DAX 40 Futures DAX futures moved higher last month in tight bull channel but back in tight trading range with large tail above on monthly chart. Bears are looking to sell high in the prior range, betting we will not break far above the All-time High. Bulls are in a tight channel and […]
DAX 40 Possible Bull Leg in Trading Range, Tight Bull Channel
Market Overview: DAX 40 Futures DAX futures were in a tight bull channel last week. Traders are deciding if it is a possible bull leg in a trading range. The bulls are at one measured move target and want the swing target above. The bears want to sell to keep the price in the range […]
EURUSD Wedge Top but Tight Bull Channel
Market Overview: EURUSD Forex EURUSD wedge top formed but the rally is in a tight bull channel. The bear bars are weak and had no follow-through selling. Bears need to do more to convince traders that a pullback/reversal is imminent. Odds slightly favor EURUSD to trade at least a little higher. EURUSD Forex market The […]
Nifty 50 Futures Breakout
Market Overview: Nifty 50 Futures Nifty 50 on the monthly chart gave a Nifty 50 futures breakout of the all-time high level with strong consecutive bull bars confirming that bulls are in control. The market is trading above an all-time high after a year-long consolidation period, and bulls are positive on the current situation and […]
Emini Tight Bull Channel Up, Wedge Bear Flag
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures move up from the October low is in a tight bull channel up on weekly chart. It also has 3 pushes therefore a wedge bear flag. Since the October low, the bull bars are big closing near their highs, while the bear bars had […]